VICI Properties Inc. (NYSE:VICI) Given Consensus Rating of "Moderate Buy" by Brokerages

VICI Properties Inc. (NYSE:VICI - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eight brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $34.00.

Several research firms recently commented on VICI. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Finally, Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th.

VICI Properties Trading Down 1.0 %

Shares of VICI traded down $0.32 during mid-day trading on Tuesday, reaching $31.44. 4,536,036 shares of the company were exchanged, compared to its average volume of 5,623,221. The business has a 50 day simple moving average of $32.15 and a two-hundred day simple moving average of $31.22. VICI Properties has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market capitalization of $33.14 billion, a PE ratio of 11.64, a PEG ratio of 4.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.50%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its position in shares of VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock valued at $18,268,000 after buying an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after buying an additional 770,195 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company's stock valued at $19,781,000 after buying an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in VICI Properties during the second quarter worth $557,000. Finally, Los Angeles Capital Management LLC lifted its holdings in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock worth $73,927,000 after acquiring an additional 1,744,939 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.